244 Mayfield Ave APT FCranstonRI02920
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Cranston at 244 Mayfield Ave APT F, Cranston, RI, 02920 at $299,900 posts ROI 22.76% with $236/mo cash flow from $2,194/mo rent. Total monthly income equals $2,194/mo, and annual cash flow records $2,834/yr on $99,417 to close. Return on cash invested measures 22.76% and rental yield reads 8.78% at the current $299,900. Equity gained on principal adds $1,935/yr, and 5% annual appreciation supports $82,857 by year five. Five-year ROI prints 118.62% and total cumulative return in cash totals $117,928.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,194/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02920, Cranston, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,731 (100%) |
| Owner Occupied HU | 9,407 (59.8%) |
| Renter Occupied HU | 5,650 (35.9%) |
| Vacant Housing Units | 674 ( 4.3%) |
| Median Home Value | $405,632 |
| Average Home Value | $437,567 |
Housing Distribution
Address Breakdown
Residential
15,140
Single Family
13,484
Multi-Family
1,656
Businesses
1,690
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Listed by: Nicole Connell • JPAR Prime Real Estate
Mls Name: StateWide MLS RI
Mls ID: #1402221